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Shares in Chinese electric car pioneer BYD closed up by 5.5% in Hong Kong on Tuesday after the company issued a statement providing details about an accident in which three passengers in one if its vehicles reportedly died when it caught fire after being rear-ended in a high-speed accident in Shenzhen on May 26. (Click here for the statement.)

BYD, which is about 10% owned by Warren Buffett’s Berkshire Hathaway, said it would cooperate with authorities and “believes that this incident will not have any negative impact on the development of our new energy industry.”

The stock had lost 5.9% on Monday on safety and design worries.

Hong Kong’s South China Morning Post reported on Tuesday that local propaganda authorities in Guangdong Province where Shenzhen is located and BYD is headquartered have been urging the media there not to publish critical reports about BYD or electric cars.